Reginald Smith Jr.
Wholesaler's EMD not considered legal equitable interest anymore.
Hello all. I'm a property Wholesaler in Florence, SC. My Realtor received a disturbing news letter today from the South Carolina Real-Estate Commission titled, "Wholesalers." The newsletter was informing her that EMD'...
Matt B.
Timeline for notices after nonpayment of rent - Virginia
In Virginia, we have a 5 day grace period after rent is due. So assuming rent is due on the 1st, rent is considered late (with a late fee) on the 6th. What timeline do you fellow Virginia BPers follow as far as noti...
JP Bouka
Foreclosure questions
Can a lender (CU) who has a second mortgage on a property, which is going to foreclosure, sue the homeowner for the amount owed?
The first lender is foreclosing on the house.
Thanks
Tariq B.
Tenant Gave a 11 Day Notice to Vacate
Greeting,
Tenant of mine who has 2 months left on his lease just sent me a text saying he will be out of the property June 1st as he has to move out of state for his job where employment is more stable.
Curious how...
Account Closed
Who can manage a property
My soon-to-be father-in-law owns a rental building. He is in his early 80's now and has been in the rental business for 30+ years. ( Self-managed ) We do help him often with repairs. He recently has gotten sick. Very ...
Heather Skow
Should we form an LLC while starting our BRRRR careers?
Hi all,
I am getting conflicting opinions on whether to set up an LLC when starting to invest in RE. I greatly appreciate the feedback.
Jonathan Cubeta
Tenant screening
What tenant screening sites has everyone had luck with? I'm looking for a new service and was leaning towards myrental.com, has anyone had experience with them? Thanks in advance for the help.
Wilco Ravestijn
How do I handle the Security Deposit
I'm in Texas and I have 2 rentals. I have both houses leased but I don't have any specific place where I've saves the security deposits. What exactly is the legal protocol I need to be following with regards to the se...
Drew Sygit
New Michigan Law: Landlords Can't Discriminate on Tenant Income Source
New year, new laws (Senate bills 205, 206 & 207).Effective January 2, 2025, Michigan landlords can no longer consider a tenant's source of income when screening them. (income = 3 x monthly rent, Debt-To-Income, et...
Ben Meddeb
My first rental disaster
my tenant completely trashed my place, deposit will not even cover the junk removal service I called my insurance (USAA) the adjuster showed up and was very helpful : turns out Trashing the place is not covered BUT (b...